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Beast240184
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Beast240184
What type of trader you are?
in
General
Jun 12, 2020 at 14:51
It all depends on what scalping defines for you. Most traders assume scalping is sitting infront of your screen waiting for the market to give you a setup and when it does you pull the trigger hoping to catch a few pips. Normally you open a market order when in profit with some money $ you close your trade. I assume scalping is for most people 1 to 10 pips at most and to put in a stop loss of 1-1 for example ( 5 tp and 5 sl ) its high posibality you will get stopped out more times than you make your 5 pips. Thats why most scalpers normally only open market orders and hope it goes in their way,...
What type of trader you are?
in
General
Jun 12, 2020 at 01:14
I am a scalper but use pending orders, that way you are always calm.
Newbie wannabe Trader
in
New Traders
Jun 12, 2020 at 00:50
Hi there, in the forex world you will find the more you learn the less you know, thats when things get overwelming. Everyone can start to trade knowing the basics but you need to find a strategy that you like and demo or real trade if you have the money to loose for practice sake with small amount untill you are profitable. I would reccomend at least 100 trades and 3 to 6 months trading. The worst thing you can do is strategy hopping, you will loose your mind beleave me. Stick to what works for you.
What is realistic forex return?
in
New Traders
Jun 09, 2020 at 22:04
Very interesting topic to discuss. I think in my opinion its all comes down to sticking to your strategy. As long as your strategy gives you positive results, slowly you can increase your capital and that way you will make more money. Backtesting your strategy is very important. We will all get winning streaks and loosing streaks the question is how many loosing trades in a row can your emotions handle. Most traders cant loose more than 2 to 3 trades in a row before they throw their strategy away. There is no 100% strategy but the point is making money no matter if you loose 9 trades and win 1...
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